Revenues
rose by 44 percent to 28.8 billion rubles ($881.1 million) in 2012, and by 35
percent to 9.2 billion rubles ($281.4 million) in the second quarter of 2013.

“Yandex has delivered strong financial and
operating results. We released the mobile version of our Yandex.Browser and a
new, task-orientated version of Yandex.Mail. We also unveiled
Yandex.Islands — a next generation search platform with interactive search results,” Yandex
CEO Arkady Volozh was quoted as saying in the company’s press release.

Earlier on Thursday, Arkady Volozh wrote in the company’s official blog
that Yandex co-founder Ilya Segalovich had passed away the night before,
without going into detail.